The next step.17 Aug 2022 12:41
This is how I see it play out. Any funder will probably be connect to or in concert with Debt Holders. With possible breach of covenants, possible funders could call in its loans and or if they are generous do a debt for equity swap. Now here is the rub. On any debt for equity swap, these institutions will not allow value to remain with shareholders. Hence the next RNS or few after, it will be announced that there will remain little value for shareholders. Shareholders will be warned due to the dire state of the company little remains of value to the shareholders. Obviously debt holders have to be protected over the shareholder. Poor Shareholders will be shortly wiped out. No one will fund this by buying diluted shares. Less than 1 pence for shareholders is my guess or nothing. Direct to administrators. Cinema is dead.